Nexe grants options to buy 3.07 million shares What is the purpose of these options I wonder for a well capitalized company? To attract / keep qualified personal? How good does this really look for a prospective investor? I am really puzzled about what NEXE management does.
So far NEXE composting products are succesful. NEXE is composting slowly but surely the value of my investment in this company.
NEXE is disruptive. It disrupts my portfolio positions and provide dispointing red flags consistently among a sea of green.
What a ride. Anyone happy with this company?
Nexe grants options to buy 3.07 million shares
2022-03-18 10:10 ET - News Release
An anonymous director reports
NEXE ANNOUNCES STOCK OPTION GRANT
Nexe Innovations Inc. has granted to certain directors, officers, employees and consultants of the company 3.07 million options to purchase up to an aggregate of 3.07 million common shares of the company for a period of five years from March 17, 2022, at an exercise price of 49.5 cents per option share, being the closing price of the common shares of the company on the TSX Venture Exchange on March 16, 2022. The options will vest in three equal instalments with one-third vesting six months from the grant date, one-third vesting 12 months from the grant date and the remaining one-third vesting 18 months from the grant date, all on the terms of the stock option plan of the company dated March 12, 2021, and in accordance with the policies of the exchange.
The grant is the first grant of options since the completion of the company's going-public transaction in December, 2020, and was implemented at the recommendation of the compensation committee of the company, following its retention of an independent third party compensation adviser.
Following the grant, a total of 5,057,538 options remain available for grant under the plan.
About Nexe Innovations Inc.
Nexe Innovations is a leader in plant-based compostable technology and advanced materials manufacturing based in British Columbia, Canada. The company has developed one of the only patented, fully compostable, plant-based, single-serve coffee pods for use in leading single-serve coffee machines. The proprietary Nexe pod is designed to reduce the significant environmental impact caused by single-serve pods, over 50 billion of which are discarded every year. With over $60-million raised to date from equity and government funding and over five years of research and development, Nexe is well positioned to meet the growing demand for environmentally friendly and sustainable products in the single-serve coffee sector and beyond.
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